Geely Holding Group's sales soared in April, with new energy vehicle penetration reaching 40%

According to news on May 11, Zhejiang Geely Holding Group recently disclosed sales data for April. Total car sales in the month reached 247,300 units, a 29% increase from the same period last year. Sales of new energy vehicles showed strong growth, with 99,200 units sold, a year-on-year jump of 52%, and the penetration rate of new energy vehicles reached nearly 40%. As of the end of April, Geely Holdings' cumulative sales had reached 986,000 vehicles, a year-on-year increase of 28%.

## Among the various brands under Geely Holding, Geely Automobile Group’s sales performance in April was particularly eye-catching, with sales reaching 153,267 vehicles, a year-on-year increase of 39% and a month-on-month increase of 2%. Among them, the sales volume of new energy models was 51,428 units, a year-on-year increase of 75% and a month-on-month increase of 15%. In addition, Geely Automobile Group's overseas export sales also showed strong growth momentum, with 38,151 units sold in April, a year-on-year increase of 75% and a month-on-month increase of 5%. Cumulative sales this year have reached 62,987 vehicles, demonstrating Geely's strong sales strength in domestic and foreign markets.

Geely Auto Group has set a full-year sales target from 2024, planning to sell 1.9 million vehicles, while total sales in 2023 will increase by 13%. In the field of new energy vehicles, Geely's goal is to achieve sales growth of more than 66% in total sales in 2023.

In terms of the performance of various brands, the Geely Automobile brand sold 118,451 units in April, a year-on-year increase of 35%; the Lynk & Co brand sold 18,727 units, a year-on-year increase of 34%; the Jikrypton brand’s April delivery volume reached 16,089 vehicles, a year-on-year surge of 99%. At the same time, Volvo Cars also achieved impressive sales results globally, with 65,838 cars sold in April, a year-on-year increase of 27%. In addition, the Proton automobile brand's sales in April also achieved a year-on-year increase of 17.1%, with 11,025 cars sold.

Jikrypton Intelligent Technology Holdings Co., Ltd. officially listed on the Nasdaq Stock Exchange on May 10, U.S. time, with the stock code "ZK". From the launch of the brand on April 15, 2021 to the successful IPO, it only took 37 months for Ji Krypton to set a new record for the fastest launch in the history of the new energy vehicle industry.

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